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Identity Management
With the amount of information now available, identity management is becoming more and more essential to business. Identity management allows businesses greater security and control around processes that deal with customers and capturing and storing their details. Identity management is important, especially in the current climate of identity theft. Good identity management practices should also save money on administration costs.
Governments are becoming more interested in identity management, especially with the threat of terrorism. National ID cards are a form of identity management that can be considered an example of where identity management is a way to protect citizens.
GB's ID3 technology through URU and our identity process management software, ID3 Process Manager, helped mobile phone company O2 cut disconnection rates on new mobile phone contracts by 40%. Using the identity management ID3 technology, clients such as DSG international can develop compliant customer registration processes designed to reduce fraud, while simultaneously acquiring more customers by making the experience quicker and simpler.
GB has also launched the international verification service ID3 Check for more than 20 countries and ID3 ProcessManager, enabling us to win major new contracts for customer registration. With ID3 Check, we can now verify some 700 million individuals, making GB's solution the market's most comprehensive ID verification service, in the field of identity management.
What is Identity Management
Identity management is a solution that businesses, corporations, and institutions have had to invent with the rise of identity theft. These businesses hold a lot of personal information not only about their customers but also their employees, their suppliers, and anybody else who has any dealings with the company. Should this information be left unprotected, it would be easy for criminals to obtain the information and steal people's identities. Identity management is an important security measure that businesses must take and although any number of identity management systems can be used, they will all allow authorized persons to the information while restricting the access of others.
In the past all that was really required for an identity management system was a card with a magnetic strip or a password. However, these are quite outdated and those who wish to hack into certain systems have found ways to even find ways around these. The ongoing advances in technology have almost allowed businesses to remain ahead of the criminals, as new and improved systems are always being developed. Some identity management systems include using fingerprints, voice recognition, and so forth. While these were once things that were reserved solely for science fiction movies, they are quickly becoming a commonality in many office buildings and financial institutions. These are much more secure as the systems use elements that are impossible to duplicate therefore, greatly reducing identity theft.
As these identity management systems continue to grow in popularity and businesses are becoming more familiar with them, there are constant improvements being made so that maintaining these systems will be easier and more cost-efficient for the companies. They can often be combined with the company's current IT system and there is very little maintenance to be done on the systems. Identity management is a huge concern of companies as more and more consumers are faced with identity theft and to maintain trust, companies need to show their consumers that all steps are being taken to ensure that their identity remain safe and secure and that only authorized persons are allowed access to it.